Facebook buys London-based AI company

The startup acquisition war continues, and it's Facebook that's thrown the latest punch. According to media reports, the social media giant has acquired, in early July, a London-based Artificial Intelligence (AI) startup. The startup's name is Bloomsbury, and it seems to have been acquired for a price of somewhere between $23 million and $30 million. Bloomsbury is a startup that develops natural language processing (NLP) technology, allowing machines to read documents and answer questions based on what they'd learned from them. The media are saying Facebook is going to use Bloomsbury to tackle fake news and other isuses it has with content.